Its not inflation, its price-gouging

[Synthaholic]

 

[Synthaholic]

BUT...BUT...INFLATION!!!!!!??!?!

Grocers are finally lowering prices as consumers pull back​

Retailers like Target, Walmart and Aldi have begun rolling back costs in their food aisles and on other household staples.

 

[eagle1462010]

 

[Synthaholic]

BUT...BUT...INFLATION!!!!!!??!?!

Grocers are finally lowering prices as consumers pull back​

Retailers like Target, Walmart and Aldi have begun rolling back costs in their food aisles and on other household staples.

Awful quiet in this thread now.

 

[eagle1462010]

Awful quiet in this thread now.

Last Pop Tarts I bought cost more and are shorter than they used to be.

Tell your Boy Biden need to remake toasters for the new short tarts.

 

[Orangecat]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

Aren’t you driving some faggy EV, lib?

 

[Orangecat]

You think corporations should be guaranteed ever higher revenue?

Guaranteed? By whom?

 

[Synthaholic]

My thread title, proven true.​

Retailers are finally cutting prices. Will it last?​

Ford recently marked down its electric Mustang Mach-E by 17 percent. Target is slashing prices on 5,000 items, including Persil laundry detergent by 5 percent, Clorox wipes by 14 percent and Purina One cat food by 17 percent. And at Walgreens, swim goggles and Squishmallows are discounted by as much as 40 percent.

Happy consumers mostly have themselves to thank: The price cuts are mostly due to shoppers pulling back on spending, contributing to a gradual slowdown in economic growth.

“Retailers overreached when they started jacking up prices,” said Mark Cohen, director of retail studies at Columbia Business School. “Business has gotten stuck. Things are slowing down. Companies are waking up and realizing they have to start reducing prices.”

What do these markdowns actually mean? And are you likely to finally feel some relief at the checkout counter? Here’s what to know.

What’s actually getting cheaper?

So far, it’s a mix of groceries and general merchandise including toys, beauty products and household goods like toilet paper at some of the country’s largest retailers. The consumer price index from a month ago showed that a range of everyday items — including staples like bread, milk and poultry, all got cheaper between March and April.

Some major retailers are taking sweeping steps. Ikea has lowered prices three times in the past year, while Best Buy has been marking down appliances. Arts and crafts chain Michaels says it’s slashing prices on 5,000 items including stickers, canvases and T-shirts.

Fast-food chains are also joining the fray. McDonald’s, Burger King and KFC have all announced new $5 meal options to entice budget-minded consumers.

 

[Synthaholic]

Businesses cutting prices at will shows that the problem was greedflation not inflation all along.